The Latest Breaking News from EuroDry Ltd

EuroDry Clocks 113% Revenue Growth In Q1

EuroDry Ltd (NASDAQ:EDRY) reported first-quarter revenue growth of 113.2% year-over-year to $18.28 million, and Adjusted EPS improved to $3.30 from $0.55 in 1Q21. The operating income increased to $10.24 million, and the margin expanded to 56%, up by 2,011 bps. Adjusted EBITDA was $12.71 million (+217.3% Y/Y) and margin expanded to 69.5%…

Benzinga · May 18, 2022

EuroDry Enters New Charter For M/V Molyvos Luck Vessel

EuroDry Ltd (NASDAQ:EDRY) entered a new time charter contract for the 2014-built M/V Molyvos Luck vessel, for a period of a minimum of eleven and a maximum of thirteen months, at a daily rate of $25,750. The company expects the new rate to commence in early May 2022. Aristides Pittas, Chairman and CEO…

Benzinga · Mar 3, 2022

EuroDry To Acquire M/V Molyvos Luck Vessel For $21.2M

EuroDry Ltd (NASDAQ:EDRY) has agreed to acquire M/V Molyvos Luck, a drybulk vessel built-in 2014, for $21.2 million. The vessel was majority-owned by an unaffiliated third party and managed by Eurobulk Ltd., also the manager of the majority of the company's vessels.  The company expects the vessel delivery around this month-end and…

Benzinga · Jan 19, 2022